CommVault Systems (NASDAQ:CVLT) CAO Sells 391 Shares of Stock

CommVault Systems, Inc. (NASDAQ:CVLT) CAO Danielle Nicole Abrahamsen sold 391 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $143.64, for a total value of $56,163.24. Following the completion of the transaction, the chief accounting officer directly owned 12,646 shares of the company’s stock, valued at approximately $1,816,471.44. The trade was a 3.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Danielle Nicole Abrahamsen also recently made the following trade(s):

• On Wednesday, August 19th, Danielle Nicole Abrahamsen sold 486 shares of CommVault Systems stock. The shares were sold at an average price of $142.80, for a total transaction of $69,400.80.
• On Monday, August 17th, Danielle Nicole Abrahamsen sold 119 shares of CommVault Systems stock. The stock was sold at an average price of $143.98, for a total value of $17,133.62.
• On Thursday, July 2nd, Danielle Nicole Abrahamsen sold 254 shares of CommVault Systems stock. The stock was sold at an average price of $150.00, for a total value of $38,100.00.
• On Tuesday, May 26th, Danielle Nicole Abrahamsen sold 277 shares of CommVault Systems stock. The shares were sold at an average price of $106.70, for a total transaction of $29,555.90.
• On Friday, May 22nd, Danielle Nicole Abrahamsen sold 101 shares of CommVault Systems stock. The shares were sold at an average price of $107.39, for a total value of $10,846.39.

CommVault Systems Stock Performance

Shares of NASDAQ:CVLT traded down $5.49 during trading on Wednesday, hitting $137.32. The stock had a trading volume of 449,257 shares, compared to its average volume of 935,905. CommVault Systems, Inc. has a 12-month low of $71.75 and a 12-month high of $198.18. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 16.94. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 87.46 and a beta of 0.81. The stock has a 50-day simple moving average of $138.16 and a two-hundred day simple moving average of $108.64.

CommVault Systems (NASDAQ:CVLT) last issued its earnings results on Tuesday, July 28th. The software maker reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.26. The firm had revenue of $314.13 million for the quarter, compared to the consensus estimate of $310.43 million. CommVault Systems had a return on equity of 88.75% and a net margin of 5.62%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, equities research analysts expect that CommVault Systems, Inc. will post 2.84 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on CVLT shares. Jefferies Financial Group restated a “hold” rating and set a $130.00 price target on shares of CommVault Systems in a research report on Wednesday, July 29th. Weiss Ratings upgraded CommVault Systems from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, June 16th. Cantor Fitzgerald reissued a “neutral” rating and set a $132.00 target price on shares of CommVault Systems in a report on Monday, July 27th. Zacks Research downgraded CommVault Systems from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, DA Davidson set a $175.00 price target on CommVault Systems in a research note on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $152.47.

Hedge Funds Weigh In On CommVault Systems

Several institutional investors and hedge funds have recently bought and sold shares of CVLT. Versant Capital Management Inc grew its position in shares of CommVault Systems by 15.8% in the 2nd quarter. Versant Capital Management Inc now owns 595 shares of the software maker’s stock worth $84,000 after acquiring an additional 81 shares in the last quarter. Assetmark Inc. lifted its stake in CommVault Systems by 33.6% during the fourth quarter. Assetmark Inc. now owns 326 shares of the software maker’s stock worth $41,000 after purchasing an additional 82 shares during the last quarter. Captrust Financial Advisors boosted its holdings in CommVault Systems by 7.2% in the fourth quarter. Captrust Financial Advisors now owns 2,153 shares of the software maker’s stock worth $270,000 after purchasing an additional 145 shares during the period. MML Investors Services LLC boosted its holdings in CommVault Systems by 6.7% in the fourth quarter. MML Investors Services LLC now owns 2,361 shares of the software maker’s stock worth $296,000 after purchasing an additional 149 shares during the period. Finally, Madison Asset Management LLC increased its stake in CommVault Systems by 0.6% during the fourth quarter. Madison Asset Management LLC now owns 23,947 shares of the software maker’s stock valued at $3,002,000 after purchasing an additional 153 shares during the last quarter. 93.50% of the stock is currently owned by institutional investors and hedge funds.

CommVault Systems News Roundup

Here are the key news stories impacting CommVault Systems this week:

• Positive Sentiment: Commvault expanded its Cloud Rewind offering with broader Microsoft Azure resource coverage, aiming to help customers protect and recover cloud-native and AI-driven applications after cyberattacks or outages. The announcement supports the company’s positioning in the growing data resilience, cloud protection and AI infrastructure markets. Commvault Advances AI and Cloud Application Resilience with Expanded Cloud Rewind Coverage
• Positive Sentiment: Analysts assign Commvault a consensus rating of “Moderate Buy,” indicating that overall Wall Street sentiment remains favorable despite recent selling pressure. CommVault Systems Given Consensus Rating of Moderate Buy
• Neutral Sentiment: CEO Sanjay Mirchandani, CFO Gary Merrill and Chief Accounting Officer Danielle Abrahamsen reported sales of company stock during August 17–19. The transactions were executed under pre-arranged Rule 10b5-1 plans and were specifically described as sales to cover tax-withholding obligations from vested equity awards, reducing their significance as a discretionary bearish signal. Executives continue to own substantial positions.
• Negative Sentiment: Bernstein Liebhard announced an investigation into potential breaches of fiduciary duty by certain Commvault directors and officers. The investigation is at an early stage and does not establish wrongdoing, but it introduces legal and governance uncertainty that could weigh on investor sentiment. CommVault Shareholder Investigation Alert

CommVault Systems Company Profile

Commvault Systems, Inc is a global provider of data protection and information management software designed to help organizations manage, protect, and activate data across on-premises and cloud environments. Founded in 1996 and headquartered in Tinton Falls, New Jersey, Commvault offers a suite of integrated products and services that enable enterprises to back up, recover, archive, and analyze data. Its flagship solutions include Commvault Complete Data Protection, Commvault HyperScale, and the SaaS-based Metallic portfolio, which deliver scalable and automated data management capabilities across hybrid infrastructure environments.

Commvault’s platform is built on a unified architecture that allows customers to streamline operations, reduce complexity, and ensure data resiliency.